The AOCE and WB have moderate overall forecasts for the metals in 2025 inline with IMF forecasts for a decline in economic growth and inflation, although we see the probability of a stagflationary scenario as still reasonably high.Read More
The past year was a difficult one overall for the metals, with the main standouts to the upside being a geopolitical risk-driven gain in gold, a China-driven rise in iron ore and a surge in uranium on broadening global support for nuclear power (Figure 1). A jump in global interest rates to near two-decade highs saw recession fears persist all year, and while one still did not actually eru...Read More
This year the post-global health crisis boom was brought to an end by a surge in inflation to forty-year highs, a major rise in global interest rates in an attempt to curb the rising prices and surging geopolitical risk after Russia's invasion of Ukraine. While precious metals held up reasonably well as markets turned to them as a risk hedge, by Q2/22 the higher interest rates put an end t...Read More
Chile is the world leader in copper production, at 28.5% of the total in 2020, and this looks set to continue, with the country having the largest global reserves, at 23.0% of total. It is also the global leader for molybdenum, which is often found along with copper, and is a major lithium player, holding 51.1% of global reserves. Read More
Newfoundland has become a gold exploration hotspot over the past few years, with the sector seeing some of its strongest activity ever. While the province remains a small contributor to Canadian gold production, it has a substantial mineral industry well supported by the government, focused on iron ore, copper and nickel, and the surge in exploration suggests that gold output from the...Read More
Nevada is the core of the U.S. gold output, accounting for by far the majority, at 75.4% on average for the past year. The state looks set to remain a dominant player in U.S. gold, as it accounts for 49% of total U.S. reserves, with Alaska slightly ahead with 51% of reserves, but just 8.6% of current production. The U.S. accounts for 6.1% of global gold output, making Nevada one of the largest gol...Read More
The Golden Triangle in northwestern British Columbia has historically been a major site of Canadian gold production, beginning as early as the mid 1800s. There was a wave of production in the 1990s which cooled as the gold price declined, but larger scale production resumed in 2017, and the area has seen surging exploration interest over the past year, given that the region has some of the largest...Read More
In this report we outline the Quebec gold mining industry, including its major producers, and a survey of many of the junior miners focused on the province. Quebec accounts for 34% of Canadian gold production (second to Ontario, with 44%) and remains a major focus for both producers and junior miners.Read More
Red Lake has been one of the most prolific gold mining districts in Canada and the world, with exploration having started in the 1920s, and production, which began in the 1930s, continuing to the present day. The district is known for the high grade of its gold, its infrastructure, and strong institutional support, given the long history of mining in the area.Read More
Dutch journalist Bram Ebus has just published an entire website dedicated to Venezuela's Mining Arc, a mega project that is at the centre of a national controversy given the devastation to both the natural environment and local communities that it is causing, as well as the innumerable allegations of rampant corruption surrounding it.Ebus spent three months investigating the many different aspects...Read More
The other top-rising mining stocks on the TSXV last week were Peat Resources, Canada Rare Earth, Hunt Mining and Glen Eagle Resources.Read full newsRead More
Unclear how much highly toxic gas condensate from Iranian ship leaked into water as China vows probe, and Iranian families lose hopeRead full newsRead More
Bart Melek, head of global commodity strategy at TD Securities, looks ahead to the commodities on the move this week.Read full newsRead More
Wyoming lawmakers received a second round of good news regarding the state's looming budget shortfall Monday morning when the Legislature's official revenue estimate was revised upward following October's unexpectedly positiveRead full newsRead More
Fuel from the Sanchi has spread over more than 100 sq km and could badly damage marine life.Read full newsRead More
Commentary courtesy of SRSrocco Report. In this update, Tom Cloud reviewed his calls on for the precious metals market last year and what he sees taking place in 2018. Tom discusses their price targets and the overall precious metals market. For example, Tom's forecast for gold to go up 10% in 2017 actually turned out to be 13.5%. This was due to what he saw as the falling U.S. Dollar Ind...Read More
Canada's Gran Colombia Gold (TSX:GCM) announced today that its total gold production for 2017 was 173,821 ounces, up 16% over 2016 and surpassing its guidance for the current year which was estimated between 150,000 and 160,000 ounces of gold.Only in the fourth quarter of 2017, the company produced 51,699 ounces of gold, up 26% over the fourth quarter of the previous year.Despite the fact that it...Read More
Canada's Gran Colombia Gold (TSX:GCM) announced today that its total gold production for 2017 was 173,821 ounces, up 16% over 2016 and surpassing its guidance for the current year which was estimated between 150,000 and 160,000 ounces of gold.Only in the fourth quarter of 2017, the company produced 51,699 ounces of gold, up 26% over the fourth quarter of the previous year.Despite the fact that it...Read More
This bull market never sleeps...Read full newsRead More
* Metals rally as dollar slides to three-year lowRead full newsRead More
Is gold's all-too-brief run is about to end?Read full newsRead More
Is gold's all-too-brief run is about to end?Read full newsRead More
World stocks hit record highs on Asia surgeRead full newsRead More
Angkor Gold Corp. (TSXV:ANK,OTCPINK:ANKOF) ('Angkor' or 'the Company') CEO Mike Weeks is pleased to announce an additional diamond drill and regional exploration program at Halo on Angkor's Oyadao South license, in conjunction with its exploration partner, Japan Oil, Gas and Metals National Corporation ('JOGMEC').Read full newsRead More
Brixton Metals Corporation (TSXV:BBB) is pleased to provide an update on its Hog Heaven project data review and project development plans.Read full newsRead More
Jan 16 (Reuters) - Global miner Rio Tinto, on Tuesday reported a 1 percent rise in iron ore shipments for 2017 to 330.1 million tonnes, meeting its guidance.The world's no. 2 miner of iron ore, a raw material in steelmaking, also stuck to a target of 330-340 million tonnes for this year, but cautioned the guidance was subject to weather constraints and partly reflected rail maintenance required in...Read More
Carillion, a major British construction company which employs 43,000 people around the world, collapsed on Monday after rescue talks with stakeholders including the British government failed to yield a bailout.Read full newsRead More
With US markets closed for holiday, it has been a quiet European session, with Asia similarly subdued, while continued USD weakness, now in its 4th consecutive day, has been the main focus as Bloomberg's dollar index approached its lowest level in three years.Read full newsRead More
The rebound in the precious metals sector continues. Friday, Gold pushed to another new high, near $1340/oz. Gold stocks led by the HUI Gold Bugs Index and GDX also made a new high with juniors and Silver right behind. The greatest traders say the move comes first and then the reason later. When it comes to Gold we are always analyzing the reason behind the moves so we can distinguish between reac...Read More